Car Dealership was acquired by Investors

Transaction Description

Extremely profitable used car dealer that follows a precise formula based on years of success at the present location, including an AR of $2.6M at 22%, gross revenues in excess of $3.6M, significant cash on the books, and late model premium brand autos at higher mileages. Gross margins approach 50%. Real estate is included and the site is neat, tidy and shows extremely well. The ideal buyer is a seasoned auto veteran willing to adapt to the well-honed process of managing the receivables.

Challenges

Summary